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South Florida

Terranova brokers sale of Ludlam Point apartment community in Miami

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The Ludlam Point garden townhome apartment community in Miami has been sold, according to Terranova’s Brett Chwick and David Loewy, who handled the transaction. The 205-unit property is located at 6880 SW 44th Street in Miami. The buyer was Grand Peaks, which is based in Colorado. It is the third multi-family purchase by the firm in South Florida since 2010, following two multi-family buys in Broward County in 2010 and 2011. The seller was Ludlam Apartments, a limited liability company managed by Interdevco. Terms were not disclosed. — Alexander Britell

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